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SCG Chemicals Increases Stake in Thai Petchem Firm

12:42 AM MDT | September 7, 2010 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), says it has acquired an additional 4.39% stake in petrochemicals producer Bangkok Synthetics (Bangkok) from the Siam Commercial Bank (Bangkok) for baht1.08 billion ($35 million). With the additional stake, SCG Chemicals’ total stake in Bangkok Synthetics rises to 26.01%. Bangkok Synthetics is a producer of various petrochemical products including...

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